Mumbai: The central government admitted in Parliament that banks owe about Rs 11 lakh crore in the country, including industrialists and commercial companies. However, the bank’s website states that which company or industrialist owes which company owe, usually does not give a public domain or in the reports of the Reserve Bank of India.
This information can affect the banking system and the credibility of the market, so the RBI and the government keep such sensitive information confidential. For this, the Banking Rules and Regulations Act 1949 and privacy policies have been made the basis. However, this information has been revealed by some comments from the Finance Ministry and the RBI.
As of March 2023, the total NPA of public and private banks was around Rs 11 lakh crore, with a large share of corporate loans. Most of these loans are taken by large industrialists and corporate groups. According to the RBI annual report, the NPA of public sector banks was 7.3% while private banks had 3.9%. Banic’s outstanding loans are a large part of areas such as infrastructure, energy, steel, aviation and real estate. These include companies like Bhushan Steel, Essar Steel, JP Infratech, IL&FS and Jet Airways.
Cridden bank
State Bank of India: Being the largest public sector bank, its outstanding loan is the highest, which is an estimated 2 to 3 lakh crore rupees.
Punjab National Bank (PNB): Fraud and lapse caused a loss of about Rs 80,000 crore.
Bank of Baroda, ICICI Bank and other banks have also suffered heavy losses due to corporate loans.
Leading industrialist
Vijay Mallya: He owes about Rs 9,000 crore on Kingfisher Airlines. This includes State Bank of India and other banks.
Nirav Modi and Mehul Choksi: There was a loss of about Rs 14,000 crore in the Punjab National Bank scam.
ILDFS: Due to the default of this company, Rs 91,000 crore was owed, which had a major impact on many banks.
Anil Ambani: Reliance Communications and other subsidiaries owe about Rs 40,000 crore.
Dhirubhai Ambani Infrastructure: This company has also defaulted on loans of more than Rs 20,000 crore.
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